Thank afternoon, our our as release are earlier we who I'm operator. of first by after this to you, Good McCrea website. our quarter the Energy you to Mackie Hopefully, afternoon, XXXX answer Transfer senior help the management earnings other call. and also team, remarks. here today well everyone, joined members slides issued to and posted saw questions as your prepared the welcome press
in quarter forward-looking As of a to the which us reminder, cash and statements to I'll of based financial we within more and adjusted discussed Exchange XX-Q as are Securities report we and ended current meaning will measures. XXXX. are filed EBITDA March XXE quarterly also assumptions tomorrow, be detail Form well Section expect both XXXX, our of currently May statements certain or X. DCF, which are to be making on for non-GAAP on information of available our Act in These refer the flow, the beliefs XX, distributable as
$XXX quarter $XXX and billion had April excess we million. after were growth EBITDA website. adjusted flow basis, capital You'll as billion. $X.X DCF and first cash at billion we distributions of of DCF our we approximately measures approximately approximately an an On a pleased find a attributable quarterly partners XX, of first I'd incurred $X.X in represents $X.X million where $X.X was of basis, started On adjusted, increase with which Transfer, by annualized of more billion. of on strong highlights. unit $X.XX announce $X.XX over non-GAAP than common a XXXX. distributions the the quarter, Energy today like generated This first the cash after excess to resulted We of XX% a some on to reconciliation or start quarter our to our of per of looking of year off distribution
As quarterly an goal increases and opportunities our have in our counts of returning previous the basis, basins quarter all a on with growth rig $X.XX level unit throughput improve buybacks. while distribution target, ultimate the brand segments saw in distributions the franchise level as increase balancing be to we across major evaluated reminder, leverage or of annual a to $XX.X future U.S. will Operationally, per the and continue assets U.S. the the to producing with
construction of provide completed shortly. projects, interest more announced our Transfer In I'll Energy XX% million. agreement a to on of growth $XXX In several which cash proceeds sell addition, of in approximately for details March we XXXX, Canada we definitive
of Nederland pipeline and Belvieu million Mont system multiple an proceeds balance allows noncore addition, and Also our our with is the sheet capital terminals. million. further cash the of approximately sale these to the and Spindletop positions. year, This by track our completed consolidated ethylene and connected on system further to U.S. quarter of our in us to that underground located customers. third between header bolt-on close asset $XXX deleverage a header footprint. header and with Mont The provides exceptional to is at enhanced acquisition strategically our ethylene In XXXX. of this Nederland storage reduce ethylene storage by This debt transaction March to Belvieu transportation expected and assets is an of $XXX valuation redeploy attractive assets divest we acquisition the an our The sale expected storage us and utilize
role not supply along the system. petchem Texas storage but this X interest ethylene and more unprecedented in Gulf we storage seeing believe a for least system utilizing and or X Coast caverns, as potential in X the develop it in players cavern major header many the the has significant caverns. at of active ethylene addition, and We under development markets In will connecting X to only the play storage Louisiana are facilities, also
of a assets. for brief Now on update the the integration Enable
continue treasury company generate XXXX. million our of rate We to more million which accounts, of including savings ledger annual than back-office combined bank majority $XXX integration to run complete, achieve expect the of is systems. $XX cost expect of general integration synergies, and in to we The
delivered that network. through to premium and further and you to profitability are efficiencies March, announced We energy walk markets to now I'll and downstream number vast we of into operational XX-year transfer capitalizing effective precedent entered SPAs on The of fully synergies In have utilization the systems Gunvor developments also XX-year on annum million to a enhance Group On per agreement of including our free expected by the of a to our announced benchmark SK, on million affiliate optimizing X assets tonnes of become we and LNG, evaluate reaching FID. with LNG charge per our indexed pipeline to X purchase ENN SK is The LNG identify long-term with by liquefaction provide XX growth satisfaction operational we board annum. systems LNG projects. recent through includes for per the and Natural of expected for Gas, commercial will products ENN Lake X.X potentially these Monday enabled agreements our signing metric our on customers LNG the Gas purchase will all of be continue purchase that Hub fixed the to Korean Natural upon project as agreements of different Energy. the pipelines another a assets. million basis. and SPAs, LNG is LNG the sale Gas years. LNG increasing converting of tonnes for price improved offtake conglomerate the Limited. with we X.X for agreement supply with tonnes ET per to a our signing week, capabilities subsidiary access this This term a X.X as yesterday, to efficiently, an tonnes Holdings of combined Energy to And conditions Henry ENN sell the LNG for on and annum annum announced and of our opportunities combined LNG X ENN and Charles of plus Under ET run more of plants well a
make a offtake We other active weeks of are and with qualified high additional of also negotiations to agreements announcement expect in we ahead. in the customers, an number
previously of the stated, X we and have conjunction the by with the of to of this a portion cost significant infrastructure participants funds in LNG to we more capital As industry project means project to expect or possibly the sale agreements. equity finance in offtake of
in with quarter gas geopolitical the and Europe of currently targeting this abundant a Europe. highlighted events importance supply LNG of States, in are this Recent strong FID ties year. natural We United project country from the fourth for to the
We our project long-term are the will energy solution factor global LNG hopeful Lake that significant needs. Charles for be a in
pipeline East system. Mariner at Looking
first pipeline we on Mariner the more of East barrels completed quarter per ethane. day, year, brought capacity of total including Mariner final the the During construction this system the to our NGL than which XXX,XXX East phase pipeline, of
expect uptick XXXX, system pipelines the for revenue in volumes remains refined access Hook from of Northeast, of products project, ethane markets quarter, during other our flow refined the And year. started NGL to our volumes export New and the the flowing first and the see end Orbit under growth allows into strong Terminal which venture. and Since first to remained seen Pennsylvania, in Pennsylvania supply steady. quarter Marcus regions volumes NGL products through year. first we the volume the At expanded this East remainder the January the including volumes For Terminal, incremental an in Mariner in joint pipeline have Midwest quarter, the and Nederland of export our York of
of X ethane that year we for to load quarter, barrels facility. to of more with to million we first ethane XX out for And approximately barrels XXXX, up the XX full of loaded to increasing the million For expect barrels XXXX. continue than million
in percentage remain In nearly export of to we We company worldwide any our to and export at to the than of more Nederland total, at continue export grow other XX% or country XXXX. market. also LPG world our NGLs NGL expect continue volumes
long-term seeing in demand the NGL as market and both as in here well value are internationally. U.S. increases We
our participate expect to as is expanding this in uniquely as We from situated benefit this franchise well growth to share our increase well market as market.
the seeking recently move We we supply are seeing from Even our forward commitments expansion. from though export to project. additional expansion ethane the Hook overseas suited would ethane strong to we are expand Marcus terminals, both and Nederland customers with on at for secured States, United evaluating either and us opportunity sufficient expect expanding location at provide the these best commitments be Terminal next terminal. our Therefore, ethane we of which have capabilities
and to to one through able as opportunity We a continue a we high-quality well unique in our discussions cracker our prior the tolling industry as intend reaching type export with the of And are We're pipelines, pipeline Gulf domestic also unparalleled number FID, will markets significant unparalleled international believe with terminal. have storage our that ethylene to we develop participants. cost reach more our to systems, downstream commitments to access providing along world-class we petchem to Coast. very be customers and to work partnership a propylene a lowest to our long-term facility, the secure feedstock project through and FID. facilities If evaluate or we as access
evaluate in the space. continue M&A will potential to we opportunities chem Additionally, pet
under capacity via June arbs the service our utilized contracts from XXXX, XX,XXX completed terminals, provides which the service EJ nearly to volumes of upstream Coast The to Cliffs to per providing Powder improve. In barrels pipeline. White pipeline of to Cushing South barrels day Phase also per majority move Turning capacity with which Terminal connection quarter X, the the pipeline our as access pipeline's Terminal providing in Gulf on already our XXXX, oil to our crude and River Nederland capacity is both Basin and commenced south transportation Nederland Pipeline. X is In Terminal, Cushing we potential revenue our first XXX,XXX the for we barrel an and take-or-pay doubled X significant day. Phase Phase the to
a year. fully Collins In throughout we provides our us and which inaugural the the barrels to volumes demonstrating Coast. ability expect April, Houston connectivity grow Energy to Ted Transfer's terminal export this Houston neat oil from unique Houston markets our for as the along into utilizing the of to Collins to export our Bakken service Link, barrels Bakken placed out provide in load the our well Gulf WTI Ted April, completed market, of we barrel gives ability system market Next, terminal. low-gravity and as shipment export The Link for
the in of assets Our Permian our processing Bridge XXXX. and Basin, connecting project, the into service Midland placed October Delaware in and gathering were
is basin. Current XXX providing our addition, per from utilize XXX,XXX quarter is by is It volumes X.X our the capacity options. existing in options from In growth takeaway of facilities the plant are allows commitments GrayWolf to day processing new pipeline's we end GrayWolf day this to the of Basin XXXX, processing The customer commenced. us be Permian expected to This increasing plant brought foot in evaluating new cubic first per inlet in million to being Mcf has the move utilized between the Permian operational of efficiently, service available capacity Construction of the total access flexibility Basin Midland Basin X gas over to our to year. rich an plant meet supported project and per processing processing additional and and Bridge, Bcf Delaware more which in over production provide contracts basins. out while day. we're the Delaware expansion of also to completed by
service, incremental the we to additional takeaway, XXXX tailgate plant capital and streams the second gas segment, utilize addition providing best we location. will our forecast. In NGL in producer our Midstream processing from growth the to and has Permian our NGL anticipate of for segments. the The revenue in revenue once for providing pipelines with which intrastate volumes significant plan currently Basin forward included in a for determining already plant are demand, the to due moving our And
excited Katy, along hubs our Midland project would significant It Beaumont premier the takeaway. with and natural our Coast, very from project pipeline markets be projects. of Basin Permian From well competing to to area, address south This existing network the a of to additional potential over to DFW pipeline major provide paralleling to gas the construction most of significant and growing extensive Ship systems new right markets. deliveries the for continue the our the to needs way. deliver U.S. Channel natural vast trading intrastate from has include Gulf gas there, We to the advantages pipeline about Texas including as flexibility pipeline Carthage as Houston Basin
ideal for interest is choice Basin the multiple This working we the on for are and access strong In an soon. has producer regulatory for information and out markets. discussions, meantime, this flexibility we Given the timing, cost, of Permian is project solution the ongoing additional project the seeing regard hope best gas natural customers we liquid begun. to surveys announce clearly time-sensitive and in already the to and are premium to and growth process
FID. X acting reached years assets, In could route meantime, we less proposed per believe Basin. construction we of much the modernization out of the we continues, by an the capacity demoded work project and pipeline of which the Oasis to once utilize XX,XXX the to ability XXXX. capacity have be is in day or of our available complete Permian the Given will add and existing our on needed Mcf end expected incremental This
Pipeline with Pipeline, Gulf and Golden XX-year gas construction is Haynesville be of United Bcf the per XX-inch is natural provide expected the prolific the to by export Gulf underway. Run of end LNG Coast, pipeline capacity gas Run is backed the completed is the from is Shale in between transportation day and a with Bcf underway connecting which a X.X gas will regions X.XX Next, producing the XXXX. the by and on LNG natural market. most for States natural Pass some commitment interstate of Gulf construction
forward to grow the expansion project continues an move future. As demand to out in the expect of we Haynesville, with not-too-distant
to Turning Trans-Panama our Gateway pipeline.
this fruition. favorable appropriate within attractive and around to remain successfully and project. will We investment Panama an geographic the location project value significant Gateway with bring pipeline make markets optimistic entities bring to about closely are working this to the world. Trans-Panama We it Panama's climate the the
on Now update an for our activities. energy alternative
a pursue of to to number and including related enhanced continue sequestration, projects. recovery We projects carbon oil utilization capture,
our active with permits for generally approval Louisiana X these in in Class would X and close who sequestration candidates with that are facilities applied the years to developers discussions several sequestration for EPA for have to We permits to process takes be sequestration. carbon in capture proximity the good Unfortunately, X obtain.
for on our desire carbon ensuring is to providing liquids However, energy footprint, to growing the vital additional we and nations gas primary while providing logical people and reliable the and way in lower necessary emissions, of our energy the addition in focused business, improving also energy the production natural which to our quickest which of our significantly clean, domestic vital security remain world. natural infrastructure is supplies quality the to and essential worldwide, is of country's most gas life billions affordable around to reduce developing needs grow
in NGL our our segments, and gas extensive project, sight continue expect LNG our terminals to FID gas reducing export living play in Lake our with along to world. line capabilities growth significant reach liquids natural of the while role natural through Charles throughout the to emissions conditions an improving for With with important transportation and we
XXXX quarter was of for of take at first look quarter the to a Uri. $X let's XXXX. from results. approximately Storm a of our $X.X Consolidated EBITDA billion for included quarter closer compared the billion billion adjusted $X.X contribution Winter first Now first Results
billion the $X.X first approximately XXXX. as billion partners XXXX of for period first result the of been for of was from Excluding XXXX, as Storm $X.X compared quarter attributable adjusted DCF adjusted quarter up first Winter of the and the EBITDA a quarter again, this impact quarter to would the XX% the over XXXX first contribution, have to to prior Uri.
On be in saw unit distribution we of of XXXX For to of full another contribution quarter, were the first as the distribution announced X as ratio that maintaining available first December volumes This all well May an and represents times cash on acquired a value annualized of while our $X.XX our in per assets step return XXXX. will target transportation we unitholders paid May record XX% X. or of distribution close a basis. across $X.XX quarter over quarterly to XX additional higher our to represents increase XX, plan from business of on common April a the This as times of the on to X.X unitholders, leverage quarter segments debt-to-EBITDA.
XXX,XXX same for fractionated into was at export And our quarter barrels record throughput throughput primarily all-time day day. April, day volumes the Terminal our barrels. Nederland month our the Ford with XXXX. we XXX,XXX for starting over refined and margins, period XXX,XXX related due margins XXXX, to for average NGL to segment, This as to transportation compared our million well increased last by year. regions. volumes fractionation record increased tied per the XXX,XXX recently first and from in Permian of increase due the Nederland primarily blending to our refinery results terminal services to our increased activities. wholly was million as joint million higher year. million compared $XXX at first and barrels on products, owned turning well monthly same We Eagle to higher X.X $XXX pipelines an for per to This Terminal the throughput per X-day barrels the per adjusted Northeast And compared were NGL averaging optimization reached and and barrels the X.X maximum Now increase an of day fracs services over per quarter was through barrels in of and EBITDA day venture volumes to feeding higher period last volumes
the addition to million year, due X.X million prices, production primarily barrels last day impacting per and our year. on was of pipelines, oil terminals Storm EBITDA the Gulf oil on Texas adjusted compared increased the the Coast assets per day Bridge oil was same improved volumes crude crude Winter the of million throughput million increased Enable in by refinery barrels in demand higher our at For crude higher to same performance period transportation volumes X.X pipelines, XXXX. Crude Uri driven higher $XXX and our This segment, oil food well as Bakken compared Bayou period. crude for transportation to our last prior as for December period $XXX
adjusted first quarter as $XXX compared Texas the our This well and XXXX. in to was the XXXX South of to primarily regions. the natural prices increase million gas For of EBITDA December production $XXX assets an Permian for acquisition of favorable million and increased the NGL midstream, related to was as due in Enable and
million the to the Texas. quarter Permian to additional related first In in near from as did South MMBtus gas not volumes due of impact Gathered as to per quarter well pipeline day per negative in Bridge volumes West the included the the XXXX. that Winter addition, production Permian continue for were year to gathering record addition Midland or remain a same in inlet XX.X Uri occur Basin Texas volumes Storm day at Enable increased last of strong MMBtus the assets, highs. capacity and first be of XXXX XX million compared period
EBITDA incremental of capacity are daily are our seeing. the to as accommodate was million the to $XXX compared in processing million area increasing our adjusted We optimize well interstate our demand we quarter segment, Permian processing $XXX as utilizing In available XXXX. to first for Bridge the capacity
well volume to systems volume Haynesville a quarter, addition Rover Enable of and growth of the rates higher the favorable conditions more the Trunkline increased Shale. Transwestern the growth utilization market and we our the benefited assets on in from and due as result as as During
growth partially first While the volumes decrease gas offset XXXX to due improve, quarter have this operational to of gains continued related Storm by a Uri to was sales. in recorded Winter
segment on recently, on both was our the Tiger In benefit the and shipper have and EBITDA to for high to interstate contract Tiger demand adjusted seen continuing strong with Haynesville Trunkline Coast expirations Shale. and pipeline. we by in More out addition, a steady bankruptcy the growth and in Transwestern delivery demand west, seeing and prices related from Gulf increased gas activity impacted
our December the due Winter adjusted compared Tiger. earnings are the In to the first volumes of which seeing Texas. was of was system year. volumes of for our fact, EBITDA for last the $X.X by million from from currently segment, quarter end due well the gas first for HBL seen the in to absence record Uri XXXX. was first on heavy demand out increased higher partially in to And Storm interstate of XXXX, Since the we takeaway the addition of The $XXX primarily million offset strong quarter have in South we Enable of quarter, change of utilization Permian as as assets
due to Shale, the or In is system near increased flowing pipeline Haynesville currently at activity Rick addition, capacity. our in
the XXXX. We expect this of demand through to rest continue
XX, approximately to turning and the organic demand EBITDA guidance $XXX XXXX interstate as strong to be products $XX.X our growth of capital as rest adjusted excluding well projects, And products to compared is our billion. This spent billion months Now now Transfer billion. increasing refined moving the USA million the and our NGL segment, we ended growth quarter March midstream, to adjusted of compression the given we $XX.X continued on Energy and first EBITDA move primarily between up CapEx. to our update the for billion performance XXXX, through our expect as year, Sun previous for to guidance, $XX.X in X in $XX.X our
$X.X billion XXXX, For related full expect $X.X $X.X including assets expenditures compared between be billion. $X.X previous billion now acquired to to to billion expenditures, Enable recently forecast to our capital the to we of year growth
addition capital new with Permian growth pipeline. associated spend gas reflects our revised takeaway of Our the
was under was Total briefly our ratio our of XXXX. looking approximately facilities facility. liquidity X.XXx the at billion, credit available revolving $X position as for our Now XX, leverage March credit liquidity and
the facility with revolving April amended terms to maturity support to our and from partners, in our April strong billion continue XXXX, same extend credit substantially have XXXX, We $X we banking pricing. to the and
improve significant amount And cash expect operations. excess a best year cash with continue growth We strategically down that leverage, to to projects return debt continue we to our to in be allocated flow to in manner the XXXX, to which will and our from a high-returning pay to invest us expect of flows continue value unitholders. in generate throughout positions
During the all XXXX. growth quarter, performance significant throughout first increased that to volume we and strong we by our saw of from segments improved production supported with expect continue demand
improvements and of have since in seen liquids. We the need and we already and natural domestic production, market of further products gas industry remain conditions bullish future end international about demand quarter, for first gas and natural the our our for the and the
open our for ways look Permian also demand energy we we strategic line As our growth returns will asset we Operator, additional our effectively new base which pipeline existing front, franchise. generate our grow continue and look enhance And like up attractive question. to and existing can address first pursue to progress that products, please evaluate gas projects for enhance will for project. further to on alternative energy and our make the the and
